Keynesianism keeps failing, yet keeps coming back. The problem is, it flatters the liberal (and not-so-liberal) politician's natural instinct to Do Something Big (i.e., spend a lot of tax money). As such I don't think it will ever truly die.
I wish I could agree. But I just can't muster much excitement about another $2 trillion in borrowing just because:
1) We've forced them to pretend to cut spending! Leaving aside the word pretend, the word cut just means a slightly slower rate of increase. Wow.
2) There's no guarantee of tax increases! There is also no guarantee the sun will rise tomorrow. I know which way I am betting on both.
3) The liberal media is saying they are horrified! This is called trolling for pageviews, as well as battlespace preparation for next year. AKA, business as usual.
Sorry, but this bill is nothing but a big "whatever."
First of all, the phrase Obamanomics presupposes that President Obama ever had a coherent economic vision. You are giving credit where it is not due.
Second of all, you can declare victory over Keynesian economics all you want. But the question is not whether you declare victory or not, but rather what is actually true. Economics, to some extent at least, is an objective reality. As such, subjective declarations of victory (like President George W. Bush's ill-timed "Mission Accomplished" sign) do not matter except to the degree they reflect an underlying reality.
It is true that actual policy based on Keynesian economics lies dormant at the moment. But when and if alternatives fail, if we ever get around to actually doing something about the unemployment problem, then we might consider actually implementing such policy.
Let's see what happens with the economy. Will it spontaneously recover, or will it need to be given a kick start.
I hope everyone can agree that it would be better if it would just spontaneously recover. But it either will or it will not.
Yes, Rich, please explain. Do you actually believe that tax increases and increased "investment" are no longer part of "the One's" agenda? What the hell planet do you guys live on? Seriously, do you actually believe that increased spending is off the table?
While you're at it, maybe you could explain one more time why voting for this thing was a good idea?
Sound like you are you trying to convince yourself 'cause you sure ain't convincing any of us.
Nice try but we are not so unsophisticated that we will suddenly go, "Oh, great! This was an amazing deal after all."
Obama is moving back to offense while the GOPers and their collaborators high five one another right into another moment of being co-opted.
Take another bit of that sugary sandwich. Mmmm, mmmm good!
Keynesianism keeps failing, yet keeps coming back. The problem is, it flatters the liberal (and not-so-liberal) politician's natural instinct to Do Something Big (i.e., spend a lot of tax money). As such I don't think it will ever truly die.
Reply to this commentLinkReport AbuseOptimist.
Reply to this commentLinkReport Abuse>a death knell for Obamanomics.
I wish I could agree. But I just can't muster much excitement about another $2 trillion in borrowing just because:
1) We've forced them to pretend to cut spending! Leaving aside the word pretend, the word cut just means a slightly slower rate of increase. Wow.
2) There's no guarantee of tax increases! There is also no guarantee the sun will rise tomorrow. I know which way I am betting on both.
3) The liberal media is saying they are horrified! This is called trolling for pageviews, as well as battlespace preparation for next year. AKA, business as usual.
Sorry, but this bill is nothing but a big "whatever."
We still await the adults to enter the room.
Reply to this commentLinkReport AbuseUntil ObamaCare is repealed, Obamanomics is alive, well and brazenly clogging up our national economic toilet.
Reply to this commentLinkReport AbuseFirst of all, the phrase Obamanomics presupposes that President Obama ever had a coherent economic vision. You are giving credit where it is not due.
Second of all, you can declare victory over Keynesian economics all you want. But the question is not whether you declare victory or not, but rather what is actually true. Economics, to some extent at least, is an objective reality. As such, subjective declarations of victory (like President George W. Bush's ill-timed "Mission Accomplished" sign) do not matter except to the degree they reflect an underlying reality.
It is true that actual policy based on Keynesian economics lies dormant at the moment. But when and if alternatives fail, if we ever get around to actually doing something about the unemployment problem, then we might consider actually implementing such policy.
Let's see what happens with the economy. Will it spontaneously recover, or will it need to be given a kick start.
I hope everyone can agree that it would be better if it would just spontaneously recover. But it either will or it will not.
Reply to this commentLinkReport AbuseCan it be that you still think Keynesian-ism works? Your comment doesn't make it clear.
Reply to this commentLinkReport Abuse"Whatever else it means, the deal is a death knell for Obamanomics."
Maybe you should explain exactly what you feel THAT means, because your other column sure doesn't have much to do with reality.
Reply to this commentLinkReport AbuseYes, Rich, please explain. Do you actually believe that tax increases and increased "investment" are no longer part of "the One's" agenda? What the hell planet do you guys live on? Seriously, do you actually believe that increased spending is off the table?
While you're at it, maybe you could explain one more time why voting for this thing was a good idea?
Reply to this commentLinkReport AbuseMr. Lowry:
To whom are you speaking?
Sound like you are you trying to convince yourself 'cause you sure ain't convincing any of us.
Nice try but we are not so unsophisticated that we will suddenly go, "Oh, great! This was an amazing deal after all."
Obama is moving back to offense while the GOPers and their collaborators high five one another right into another moment of being co-opted.
Take another bit of that sugary sandwich. Mmmm, mmmm good!
God bless,
Reply to this commentLinkReport AbuseDan Hoffman